Bitcoin Audible

“Using Bitcoin can level the playing field for the world’s poor as we work toward economic justice.” - Bradley Rettler Author Bradley Rettler returns in today’s read with a concise piece on the nature of our systemic problems of economic inequality, their unjust cause, and why Bitcoin is the key to leveling the playing field. Check out the original article at the link below: https://iai.tv/articles/the-rich-get-richer-the-poor-get-bitcoin-auid-1766 And for Rettler's other work in audio on the podcast, check out Read 544 - Another Way to Think of Bitcoin’s Value, linked here: ••• If you haven't gotten your tickets for Bitcoin2022, DON'T WAIT! They only go up in value and you can save 10% on your tickets today with code GUYSWANN at checkout. Go to guyswann.com/2022 to snag them! Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Not only is the world experiencing greater dispersion of outcomes, it is also changing at an increasingly faster pace. Raw data is pouring torrentially down upon us, overwhelming our neural capacity more each day. We are confused, overwhelmed and looking for anchors, answers, and authority.” - Aaron Segal Continuing with Part 2 of yesterday's amazing Bitcoin Magazine piece on the major trends of today, the inevitably of the race to zero volatility, the incentives that will lead to infinite fragility, and why the only correction must come from outside the system. The only external force to an ever centralizing system, is one of complete decentralization. This is part 2 of a 2 part read, don't forget to listen to Part 1 before diving in. Check out the original at the link below, with tons of excellent data and graphics accompanying it that help give the magnitude of the situation we find ourselves in: https://bitcoinmagazine.com/markets/bitcoin-is-driving-autonomy-over-authority Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The individual investor is professionalizing at the end of one of the biggest, most Homeric blow-out parties of all time. Forgive the cliched baseball metaphor, but this is like a player being called up from the minor leagues right before the off-season, after a seven-game dramatic World Series finale." - Aaron Segal An incredible piece today from Bitcoin Magazine on the major trends of today, the growing and centralization of all markets, and the fall of freed markets to the 20th century institutions of authority. This is part 1 of 2 in a brilliant perspective on the state of the world and economy, and where Bitcoin fits into it all. Check out the original at the link below, with tons of excellent data and graphics accompanying it that help give the magnitude of the situation we find ourselves in: https://bitcoinmagazine.com/markets/bitcoin-is-driving-autonomy-over-authority Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"In this piece we discuss our concerns around the broader “crypto” space beyond Bitcoin. Our arguments revolve around three primary themes: Philosophical, Technical, and Economic. From a philosophical perspective, we discuss the core properties that make Bitcoin work and that make it unique, in our view. From a technical perspective, we evaluate how these properties are lacking to a greater or lesser extent in alternative “cryptoassets,” having been designed out again on questionable philosophical justifications. From an economic perspective, we walkthrough our concerns that “crypto” has not shown a path to establishing a basis for justifiable real-world value, explain why we believe this would be very difficult to ever accomplish, and suggest therefore that their technical flaws are especially vulnerable. Given the complexity of the task we have set ourselves, this piece is intended to bring our arguments into long form and provide a discussion base for good faith disagreement." - Allen Farrington & Big Al Section Summaries: Part 1 - The Innovation From First Principles Part 2 - Crypto is Not Decentralized Part 3 - Crypto is Not Finance Part 4 - The "Investment" Rationale Part 5 - Layered Architecture and Gall's Law Part 6 - Why We Might Be Wrong Find the original work and further details in the appendices here: https://www.uncerto.com/only-the-strong-survive This unabridged reading was brought to you by the BitBox hardware wallet, the open source vault for your Bitcoin keys; The Fold Card, earn sats back rewards on everything you purchase; and Swan Bitcoin, the automatic Bitcoin purchase plan for every Bitcoiner. Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either." - Albert Jay Nock Today we read an incredible piece posted in the Atlantic Monthly nearly a century ago, in 1936. Libertarian author Albert Jay Nock explains the nature of the masses, and of the Remnant. Why Isaiah the profit knew his message would not be received by the masses, why they did not have the force of character to live by it, & why it wouldn't stop the ultimate collapse of society, but despite this, his message would serve the Remnant, and they would be those who built the world back from the rubble. Check out the original at the link below, and explore other works by Albert Jay Nock https://mises.org/library/isaiahs-job Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“As Gall’s Law suggests, we believe the general principle favoring Bitcoin’s layered architecture is not one of software engineering so much as engineering entirely in general, yet as elegantly applied to software.” - Only the Strong Survive Listen to Part 1 if you haven't yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979 Part 2 https://traffic.megaphone.fm/CSN8589484720.mp3?updated=1632533362 Completing our journey through the incredible piece from Allen Farrington & Big Al, "Only the Strong Survive" with Part 3. Why "Crypto" is a violation of Gall's Law, a fundamental philosophy of engineering all complex ecosystems and institutions, and why it's very likely all that is actually valuable in Crypto, is likely to find its way on top of Bitcoin. Don't miss the epic conclusion of "Only The Strong Survive." Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly observing that there does seem to be a lot of “financial” activity on Ethereum, specifically: it’s what you would build if you were trying to replicate finance just by looking at it but not really understanding what the point of it all was" Listen to Part 1 if you haven't yet! https://traffic.megaphone.fm/CSN7556187630.mp3?updated=1632359979 Today we continue our journey through the incredible piece from Allen Farrington & Big Al, "Only the Strong Survive." Today we dive deep into the logical reasons why "Crypto" is not actually finance, and what the fundamental errors are made in the investment rationale. Part 3 is on the way, so don't forget to subscribe! Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox • Stack automatically every day, week, or month with low fees on a set-it-and-forget-it, Bitcoin only, savings service at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to calibrate incentives than it has to do with computation. Computation is a tool that makes the process more efficient and reliable, but Bitcoin is not itself a 'computer.'" We start our dive into the incredible piece from Allen Farrington & Big Al, on the complete philosophical, technical, & social case for the uncertain long term value in "Crypto" beyond Bitcoin. Starting with section 1 on the true innovation of Bitcoin, and section 2 on why "Crypto" is not actually decentralized. 2 More Parts coming later this week so don't forget to subscribe! Follow Allen and Big Al for some top notch twitter experience and tons of other great work. Find more of their writing by exploring the audio library at BitcoinAudible.com Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

“Sandwiched between Guatemala and Honduras, El Salvador — the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 — is a most unlikely ground zero for a financial revolution.” - Alex Gladstein Gladstein is back with the full story of Bitcoin and El Salvador. What it's like on the ground, the people it all started with, the responsibility we have as a community, & the history that gives much needed perspective to the actions of the political regime. You don't want to miss this one. Check out the original article and tons of other incredible work by Gladstein & others at Bitcoin Magazine: https://bitcoinmagazine.com/culture/the-polarity-of-bitcoin-in-el-salvador Endless thanks to Bitcoin Magazine and the LTB Network for the incredible content they bring to the Bitcoin ecosystem. Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • Get sats back on everything with the Fold Card! Check them out at guyswann.com/fold for 20% off the Spin+ Card! • And keep those sats SAFE with the BitBox02 hardware wallet. 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better ones in their stead.” - Prateek Goorha & Andy Edstrom Today we are digging into the evolution of the economy and the cycles of creative destruction that the most significant innovations create in the economic order. What is Bitcoin in this view, and how might these cycles map onto of the cycles within the Bitcoin system itself? Check out the article, plus the others mentioned in today's episode for further exploring the cycles of Bitcoin, innovation, and society: The Schumpeterian Bitcoin Cycle: https://goorha.medium.com/the-schumpeterian-bitcoin-cycle-e79543443bdf Bitcoin and the Rhythms of History - By Brandon Quittem: https://bitcoinaudible.com/bitcoin-and-the-rhythms-of-history/ Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • The Fold Card will get you SATS BACK on EVERYTHING! You don't want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up. • And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That's the BitBox02 hardware wallet. Get 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message